Word: ceo
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Dates: during 2000-2009
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...Edward Libby, AIG's government appointed CEO, has argued that these were retention bonuses, contractually guaranteed to employees who remained with the company. It has been further argued, on his behalf, that the bonuses are exempted by the American Recovery and Reinvestment Act, which provides that restrictions on bonuses do not apply to those made under an employment contract executed before February 11, 2009. The public seems unwilling to consider his arguments...
...Distract them with a big, shiny new toy If Geithner had testified before the same committee last week - as AIG CEO Edward Liddy did - he likely would've been eviscerated. Many of the "questions" for Liddy from both sides of the aisle turned into frustrated rants about how Geithner was botching his job and why the Treasury only just found out about the bonus payments. This week, though, Geithner was saved, in part, by the introduction Monday of the long-awaited details of his plan to get credit flowing again. Unlike his first stab at a rollout, this scheme...
...Citigroup spokesman denied that the company did anything wrong, noting the pay packages in question were set a month before the bonus ban became law. "Overall executive compensation [at Citigroup] substantially decreased from 2007 to 2008," the spokesman said. "CEO Vikram Pandit and CFO Gary Crittenden declined any bonus for last year as well. As always, we will comply with the new restrictions on compensation ... in addition to continued adherence to the substantial changes we already have made to our compensation structure...
...researchers a few years ago. The numbers were sufficiently alarming that the National Campaign to Prevent Teen Pregnancy, knowing that 7 of 10 pregnancies to single women in their 20s are unplanned, decided to expand its mission to include young women in this vulnerable age group. Says Sarah Brown, CEO of the newly named National Campaign to Prevent Teen and Unplanned Pregnancy: "We first started to notice this trend [because] when teen birthrates went down, those for women in their 20s were going up. Historically, those rates all track together - they all went up and down together. This...
...unprecedented productivity on Capitol Hill this week stems from the continuing, unanimous outrage over the $165 million in bonuses handed out by AIG, which the government has funneled more than a hundred billion dollars into since last summer. At his congressional testimony earlier this week, embattled AIG CEO Edward Liddy said he'd asked employees to give half of their bonuses back, and that some had already voluntarily given all of it back. And Treasury Secretary Tim Geithner, who had signed off on the contractually promised bonuses after concluding that the government had no legal recourse to prevent them from...